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The Venture Codex

Pragma Ventures

18615 Willamette Dr #100, West Linn, OR, 97068, United States

Overview

Seed-stage focused fund by ex Googlers through LP network of top US/China backers

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • Crestal

    Participated · Seed · May 2024

    Crestal develops tools and services to explore, evaluate, and implement performance-driven modular services aimed at supporting a decentralized future. The company positions its product set around modular components intended to improve decentralized architectures and says investor support validates market demand. Crestal announced it has completed a $2 million funding round. The round included institutional investors LIF, Cogitent Ventures, Kyros Ventures, Veris Ventures, SMAPE Capital, MH Ventures, Layer Labs, Pragma Ventures, Builder Capital, NxGen, Artemis Capital and Quotient Ventures. Several industry leaders also participated as backers, including Sandeep Nailwal, Loi Luu, Thomas France, Hassan Ahmed, Chef Icy, Heslin Kim, Andrew Vranjes and Paul Taylor. The announcement did not disclose operating metrics or the instrument type used in the raise. Crestal linked to its LinkedIn post for additional information.

  • Intmax

    Participated · Seed · Apr 2023

    INTMAX develops a stateless zkRollup Layer2 protocol designed to deliver near-zero gas costs while preserving data sovereignty, targeting payments at global scale. It also offers the INTMAX Wallet (a Walletless Wallet) that leverages biometric authentication, MPC and FHE to provide secure, instant access across devices and browsers without app installs or seed phrases. The wallet reportedly reached over 1,000 daily registrations worldwide within three weeks of launch. The project positions its Layer2 to support extremely large scale (the team states capacity for handling up to one billion users per day) and to specialize in low-cost cross-border payments. Public milestones include a 2022 Ethereum Foundation grant and selection among Crypto Valley’s top 50 blockchain projects in 2023. Roadmap items in the article include additional wallet features in 2023 Q4 (support for non-biometric devices, other L2s, and link payments) and an INTMAX mainnet start targeted for 2024 Q1. INTMAX is a stateless zkRollup developed by Ryodan Systems AG that aims to combine extremely high scalability with customizable privacy for Ethereum Layer 2. The project claims it can scale to 1 billion users in a single day and targets near‑zero gas costs through design elements such as a preconsensus mechanism, state deltas, a zkRollup with limited online assumptions, and liveness/safety separation. Ryodan Systems announced a $5M seed raise to continue development and pursue a roadmap that includes an alpha on Ethereum mainnet in Q2 2023 and a mainnet launch in Q4 2023. The company is headquartered in Lucerne, Switzerland, and received an Ethereum Foundation grant in 2022. Ryodan Systems was also named one of Crypto Valley's Top 50 Best Performing Blockchain Projects in 2023. The fundraising included both institutional/VC backers and prominent angel investors who the company says will support development and ecosystem growth.

  • IndexZoo

    Participated · Seed · Apr 2022

    IndexZoo is a Boston-based provider of a decentralized crypto asset index protocol and a DeFi multi-chain ecosystem of tokenized indices. Led by CEO Marshall Chang, its core product is the Habitat Index Protocol. The company plans to deploy Habitat to multiple EVM-compatible Layer 1 and Layer 2 blockchains to establish a multi-chain index standard. IndexZoo has received grants from NEAR, Polygon, Avalanche and others to support development. It closed a $2M Seed funding round to expand operations and development efforts. Backers include CMS Holdings, Warburg Serres, DefinanceX, Pragma Ventures, 0xVentures, BigBrainHoldings and angel investors such as Nick Tong and Yenwen Feng.

Team

No current team members are available.